Tax experts have given a cautious welcome to plans for digital tax accounts, saying that paper returns must remain an option.
Tax experts have given a cautious welcome to plans for digital tax accounts, saying that paper returns must remain an option.
Budget Summary Fifty days before the General Election, Chancellor George Osborne today delivered his sixth and final Budget of this Parliament.
Pensions Minister Steve Webb has called for a 33 per cent flat rate to be introduced for pensions tax relief, replacing the 40 and 45 per cent rates for higher earners.
Taxpayers who filed returns by the self assessment deadline of 31 January, but who made a mistake on their forms, could be facing a demand from HM Revenue & Customs (HMRC) for an inaccuracy penalty, tax campaigners have warned.
A new system to stop workers losing small pension pots as they move from job to job is set to be launched next year.
Charities can now register their details online with HM Revenue & Customs (HMRC).
The Low Pay Commission has recommended that the adult national minimum wage (NMW) rate should increase to £6.70 an hour from October 2015.
Married couples and civil partners can now register to receive a new tax break.
More than eight million taxpayers who filed their 2013-14 tax return electronically by the 31 January deadline can now access their tax summary online.